Finch wishes to sell a closed mortgage contract just after receiving the 29^th payment. The original loan was for $60,000 at 11% compounded semi-annually for a five-year term. Monthly payments are being made on a 25-year amortization schedule. What price can she reasonably expect to receive if the current semi-annually compounded interest rate on two and three-year term mortgages is:
a) 10%? b) 12%?

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The Answer of Finch wishes to sell a closed mortgage contract just after receiving the 29^th payment. The original loan was for $60,000 at 11% compounded semi-annually for a five-year term. Monthly payments are being made on a 25-year amortization schedule. What price can she reasonably expect to receive if the current semi-annually compounded interest rate on two and three-year term mortgages is: a) 10%? b) 12%?

Finch Wishes to Sell a Closed Mortgage Contract Just After